Compensation Specialist

6 days ago


Richmond, Virginia, United States Markel Full time
About the Role

We are seeking an experienced Compensation Specialist to support our Specialty Underwriting (UW) division. This role will be a member of the HR team and will help ensure the pay programs and structures that support the Specialty UW division are competitive, equitable, and aligned with our business strategy to help attract and retain top talent globally.

Key Responsibilities
  • Develop and implement compensation strategies and programs that align with our business objectives.
  • Conduct market research and analysis to ensure competitive compensation levels and stay informed about compensation trends.
  • Provide expert advice and market intelligence on complex compensation issues and propose solutions.
  • Partner with HRBPs and business leaders to harmonize compensation programs, plans, and processes on enterprise-wide initiatives.
  • Guide client groups through year-end compensation cycles.
  • Lead strategic compensation projects across different client groups.
  • Work with business and recruiters to design competitive offer packages for external hires.
  • Ensure compliance with regulatory requirements.
Requirements
  • At least 5 years experience in Compensation, preferably in the insurance industry.
  • At least 5 years experience in business partnering or consulting.
  • Strong communication and presentation skills with the ability to message complex and/or HR process in a persuasive and pragmatic way.
  • Advanced Excel experience, with an ability to model and interpret data as well as presenting information at an executive level.
  • Able to work independently with the ability to manage a varied range of activities and projects with a positive attitude.
  • Experience with Workday desirable.
  • Experience with benchmarking tools such as Market Pay desirable.
  • Experience of M&A activity desirable.
  • Role model the Markel Style with a high level of integrity and discretion.
About Markel

Markel Group (NYSE - MKL) is a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

What We Offer
  • We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees' needs at all stages of life.
  • All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
  • We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
  • Markel offers hybrid working schedules of 3 days in the office and 2 days remote.


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